An act relating to requiring additional campaign finance reporting and disclosures

This bill requires candidates, political committees, and parties in Vermont to provide more detailed reporting on campaign finance, including tracking the original sources of funds used for contributions and expenditures. It mandates that any contribution exceeding $250 must be accompanied by a transfer record documenting the identity of individuals who provided the original funds, and all relevant financial records must be retained for at least four years. The legislation also updates reporting forms to include specific details about contributors and expenditures, requires formal identification of contributors in electioneering communications, and expands disclosure requirements for independent expenditure committees making over $1,000 in spending. These changes apply to a wide range of political actors including candidates, political parties, and independent groups, aiming to increase transparency in campaign funding without changing contribution limits or election rules.